HSBC resumes new self build mortgage deals after temporary closure

A woman signing a mortgage contract
HSBC temporarily withdrew all mortgage options for self builders due to a suspected increase in interest rates (Image credit: Getty Images)

It was announced on Thursday that all HSBC mortgage deals for self builders and all new borrowers were temporarily withdrawn due to the challenges faced by the UK lending market.

HSBC announced they were withdrawing all its residential and buy-to-let products for "new business," on Thursday 8th June. These products went back on the market on Monday 12th June after the interest rates being offered were revised. Existing customers could still access mortgage products and rates. 

Joseph Mullane
News Editor

News Editor Joseph has previously written for Today’s Media and Chambers & Partners, focusing on news for conveyancers and industry professionals.  Joseph has just started his own self build project, building his own home on his family’s farm with planning permission for a timber frame, three-bedroom house in a one-acre field. The foundation work has already begun and he hopes to have the home built in the next year. Prior to this he renovated his family's home as well as doing several DIY projects, including installing a shower, building sheds, and livestock fences and shelters for the farm’s animals. Outside of homebuilding, Joseph loves rugby and has written for Rugby World, the world’s largest rugby magazine.